British Airways swings to &pound;106 million quarterly loss

British Airways reported a £106 million ($174.3 million) net loss for its fiscal first quarter ended June 30, reversed from a £27 million profit in the year-ago period, citing "volatile" yields and "trading conditions [that] continue to be very challenging."
CEO Willie Walsh said the carrier sees "no visible signs of improvement" in its ability to generate revenue, but he noted that "traffic volumes [that] are down considerably" have "stabilized" and "show some signs of improvement ...